U.S. Fed Chair Jerome Powell insists he's not plotting to unleash a CBDC, while a new study says concerns about BTC and other digital currency tokens ever serving as global currency are overblown.
A document prepared by the Federal Reserve for presentation to Congress reveals that a CBDC is one of the key duties it’s probing, alongside FedNow and wholesale payments.
Republicans are sounding the alarm over the U.S. Federal Reserve’s CBDC plans, while ‘crypto’ voters prefer CBDC-opponent Donald Trump rather than Joe Biden for president.
The House of Representatives Financial Services Committee held its annual hearing of the Treasury's FinCEN and the Office of Terrorism and Financial Intelligence, looking at terrorism-related financing with some talks on digital assets.
Responding to Adeyemo, Rep. Tom Emmer accuses the U.S. Treasury of having a savior complex while reiterating his opposition against a CBDC, claiming it would only serve as a "surveillance tool."
SEC Chair Gary Gensler attended a House hearing, where he was slammed for "choking off" the digital asset sector, quizzed about BTC, spot ETPs, and ongoing court cases against exchanges.
In the letter sent to SEC Chair Gary Gensler, four U.S. lawmakers urged the commission to end its alleged discriminatory stance against spot ETPs and call for the immediate approval of the listing.
The U.S. House Financial Services Committee has approved the CBDC Anti-Surveillance State Act, which will now be put before the House of Representatives.
Appearing before the Subcommittee on Financial Services and General Government, Gensler presented his agency’s Fiscal Year 2024 budget request of $2.436 billion, a 12% increase on the previous year.
Republican Congressman Tom Emmer wrote a letter to the Chairman of the FDIC, Mark Gruenberg, voicing his concerns about the organization’s role in the closures of tech-friendly banks.
Signature Bank was under federal investigation for suspected money laundering by its crypto clients before the New York financial institution was taken over by state and federal regulators.
Eight U.S. states had joined the existing number of states ineligible to partake of Nexo’s Earn Interest Product.
